Do you remember Civic?
Back in the days, aka 2017/2018, it was all the rage, all the hype...
The guy that owns this project was well respected or at least we saw good news about him all the time.
We don't here anything about it anymore but the chart looks good and we are technical analyst and traders... Let's have a look!
For Civic (CVCBTC), we had a bull...
Civic (CVCBTC) recently printed a Dragonfly Doji (light blue) which is a reversal signal.
This is telling us that potentially a low has been hit and a change of trend is coming. Notice how prices moved above EMA10 right after this signal came in.
The RSI is now bullish and the MACD histogram is green.
EMA50 or 0.00000237 is the next challenge. Once this level...
CIVIC decreased in its price as most of altcoins, however, it is one of the first who is about to come back to its previous levels. On the 3 hours bar chart, we see the figure ''head and shoulders''. The support and resistance zones formed at the levels of 1712 and 2024 satoshi respectively. From November 3rd, there is a bearish market, however the price bounced...
Although many trades could be taken based on the underlying math of ‘The Calculator’, my own (conservative) trading rules say that it’s NOT about the quantity of trades. It’s about the QUALITY of the trade. I call it ‘predictable probability’.
If you find this analysis of any value or merit, please provide a COMMENT and/or a THUMBS UP. Thanks in advance for your...
Civic has formed a double bottom on September 12, when price touched the bottom at bcc 0.00001581. Then, slowly but steadily CVC started to outperform the Bitcoin, while still trading within the descending channel.
But today, finally, it broke above the channel, signaling on a potential trend reversal. Today alone, CVC gained over 11%, and currently trading near...
October was a month when the crypto-makret was in ''flat'' or going down. However, there are always exceptions from the rule. Civic is that one. Considering technical analysis, over the period of 20 days the rate increased from 1800 satoshi to more than 2200 satoshi at its peak. Currently, important zones are at the levels of 2013 satoshi, which is a support zone...
Hi Guys!
Not much is going on, on the market but we have found an interesting opportunity to invest.
First of all, it has to be safe. It means there is no much room to drop and massive potential for growth.
Such a situation is described as a profit/loss ratio.
When comparing the current price to ATH, we can make $600 from $100 dollars invested. It gives us $500...
Civic is a fundamentally strong project, unlike most projects it has a working product.
Going long, lot's of alts are setting up to make good trades.
Let the Gains begin.
Price is just breaking out of a potential bottom structure. Possible reverse in trend.
I opened the trade on the breakout retrace, which was just above 1800 sats (light red box). Try to get in there if you can.
My first target is around 2100 (the green box), where I'll be selling at least 50% of my position. Will have to re-evaluate the position at that...
Coin of the day is Civic.
Along with the overall altcoin market drawdown of 2018 Civic coin also has been testing the near-bottom lows. To be clear, the coin lost almost 90% of its BTC value from 2017 gains. Recently CVCBTC pair dragged attention by hitting almost a 50% pump after listing on Upbit, even higher jump than during recent Binance listing. Let's...
